CRB Index - Has clearly broken below important support at 294, which has opened up the downside. I will be looking for a´n acceleration down in wave 3 towards 197.25. As wave 1 was an expanding leading diagonal we should expect wave 3 to be extended.
Soybeans - The decline from 1509 does look very impulsive in character and we should soon see an acceleration towards 1242 where red wave iii will be 1.618 time the length of red wave i.
Soybean Oil - After slightly more upside we should see the next leg down in red wave v to near 48, but that will most likely only end black wave i of 3 down. Long term we should see Soybean Oil drop below 27.90.
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